What Kind Of Correlation Is This ? (BETA)

Usually it's a BETA of, say ~1.3, but sometimes it becomes negative (?)

How do you use BETA for such imperfect correlation if that was a yearly chart ?
(This one is weekly)

Should one look at BETA at all ?

,,It's all about BETA"

- Dalio​

 

I would say you have to few data points in there to draw any conclusion on correlation.

 

What about this ?